45ºF

AT&T to invest $1 billion in US, give $1,000 bonuses to 200,000 employees with tax reform

If bill signed before Christmas, bonuses will be given over the holidays

The AT&T Communications Inc. corporate headquarters building is seen March 6, 2006 in San Antonio, Texas. AT&T announced plans to acquire BellSouth in a deal valued at approximately $67 billion. (Photo by Toby Jorrin/Getty Images) (Getty Images)

DALLAS – AT&T announced Wednesday that it plans to invest an additional $1 billion in the United States in 2018 once President Donald Trump signs tax reform into law.

In addition to that, the company also plans to pay a special $1,000 bonus to more than 200,000 of its employees. All union-represented, non-management and front-line managers will receive a bonus.

Furthermore, AT&T says that if the president signs the bill before Christmas, those bonuses will be distributed over the holidays.

“Congress, working closely with the president, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” said Randall Stephenson, AT&T chairman and CEO. “This tax reform will drive economic growth and create good-paying jobs.”